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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (41600)	2/27/2000 8:39:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 99985

Mike and all.. just a quick P&F chart update.. as of right now..both the SPX and OEX are at support..on the 15 box SPX and 5 Box OEX charts... when looking at both charts i was thinking we have come along way from last year during the highs and then the Oct lows... what i mean is this...we can make longer term higher lows, and higher highs, because of the markets current bull trend...because of earnings, productivity etc etc , yada yada and so on...we are in fact at a higher LEVEL than lasdt year overall... so if we reverse here...it would not surprise me...up that is.... and if we move lower??? the "Bottom" of the charts are nearing the lower trading band anyway.. i feel what with our Main Coach the NYSEBP at very low levels at 30%, and of course we could go lower, we are nearing a bottom no matter what...with no chance of any crash right now... maybe if AG continues to raise in Mar & Apr..we might get that crash senario then...but not here and not now... i am still long, and have had my best 4 weeks since the Oct debacle last year all on the LONG side... and yes, i do post my trades real time on other threads..because this one is MDD<VBG> ONLY!!!!! however...not to be a rampant bull, i feel if we break to the downside, i'll step aside on all longs, and take a breather till we reverse back up on our P&F indicators.. regards to all... i will have an important stock to trade tomr...i'll post it here... OJ